Shares of Anghami Inc (ANGH.O) soared more than 80% in their Nasdaq debut on Friday following the Middle East and Northern Africa-focused music streaming platform's $220 million merger with blank-check firm Vistas Media Acquisition Company

The first Arab tech company to list on Nasdaq, Abu Dhabi-headquartered Anghami has more than 70 million registered users and partnerships with Universal Music Group, Sony Music and Warner Music Group.